Answered step by step
Verified Expert Solution
Question
1 Approved Answer
part 1 part 2 Required information The following information applies to the questions displayed below) The following data is provided for Garcon Company and Pepper
part 1
Required information The following information applies to the questions displayed below) The following data is provided for Garcon Company and Pepper Company for the year ended December 31, Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending Work in process Inventory, ending Raw materials Inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Garcon Company $ 13,500 17,000 9,300 33,250 22,200 17,600 25,000 7.000 14,850 29,500 18,400 5,300 38,00 54, eee 289, 110 29,000 14,800 Pepper Company $ 18,400 22,65e 10,800 26,500 43,000 15,600 16,800 9,400 17,750 50,500 13,640 2,400 68,000 58,600 376,630 24, 200 21,200 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31 Renured 1 11 Renuired ! Required information December 31. Garcon Company Pepper Company $ Direct materials Raw materials inventory, beginning Add: Raw materials purchases Raw materials available for use 9,300 $ 38,000 47,300 10,800 68,000 78,800 Direct materials used 47,300 78,800 Factory overhead 0 0 Total factory overhead Total manufacturing costs 0 0 Total cost of work in process 09 $ 0 $ 0 Cost of goods manufactured Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Garcon Company Pepper Company Goods available for sale $ 0$ Cost of goods sold part 2
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started